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Friday, 14th September 2007 (3189 views)

Mineral exploration company Aurizon Mines has reported an increase in mineral resources for its Joanna mine in Canada.

The mine, located in Quebec, has been given an updated mineral reserve thanks to Geostat Systems International.

According to the updated estimate, mineral resources are now put at 11.3 million tonnes averaging 1.7 grammes per tonne (g/t) of gold in the indicated mineral resource category and 28.6 million tonnes averaging 1.6 grammes of gold per tonne of inferred mineral resources.

"The increase in mineral resources to the two million ounce level, of which 32 per cent is in the indicated category, represents a significant benchmark for the preliminary economic study currently in progress at Joanna," commented David Hall, chief executive officer of Aurizon.

Aurizon is a gold producer focused on developing its projects in the Abitibi region of north-western Quebec.

It recently signed a joint venture agreement with Lake Shore Gold in regards to exploration of its Casa Berardi property.

 

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